Is the halving coming? Bitfinex: Bitcoin will surge 160% to exceed $150,000

This site (120BTc.coM): According to analysis and predictions by Bitfinex researchers, as the halving market gradually ferments, Bitcoin is expected to soar by 160% in the next 12 to 14 months. to over US$150,000.

According to the recently published Bitfinex Alpha report, this is a prediction based on historical data and statistical models of past halvings. Although analysts also admitted that the "regression analysis model" they used may be too simple. , but they are still optimistic that Bitcoin will rise sharply.

Analysts pointed out that this halving is different from previous years because Bitcoin had already hit a record high before the halving. This abnormal phenomenon may be interpreted as a bullish indicator, but it also provides a Market dynamics create a degree of uncertainty.

According to Bitfinex statistics, the time it takes for Bitcoin to reach its price peak from halving is 339 days, which is about 11 months. Through analysis and considering the phenomenon of "the halving market increase is gradually decreasing", Within the report, the report predicts that Bitcoin will rise by approximately 160% after the halving this year.

Analysts said that according to conservative estimates, the price of Bitcoin at the moment of halving will be between US$57,000 and US$65,000. A 160% increase means that the target price of Bitcoin is between US$150,000. to US$169,000.

The report mentioned that Bitcoin seems to have entered a consolidation phase, with fluctuations ranging from US$65,000 to US$71,000. “This is largely due to short-term holders (STH) and long-term holders. "(LTH)'s selling pressure", but it is still expected that Bitcoin will find support around US$60,000 and US$57,000.

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